YLAS4130 Corporate Governance (6 cr)
Study level:
Advanced studies
Grading scale:
0-5
Language:
English
Responsible organisation:
Jyväskylä University School of Business and Economics
Curriculum periods:
2024-2025, 2025-2026, 2026-2027, 2027-2028
Description
Meaning and significance of Corporate Governance, Corporate Structure: Introduction to agency theory, Alternative models of corporate governance (e.g. Anglo-American, Continental European model), Stakeholder approach of corporate governance, Risk management & Internal controls, External corporate governance mechanisms, Financial accounting & information asymmetry
Course contents are related to several UN Sustainable Development Goals such as No Poverty (1), Gender Equality (5), Decent Work and Economic Growth (8), Reduced Inequalities (10), and Climate Action (13).
Learning outcomes
On successful completion of the course, students will be able to:
- recognize the key elements of corporate governance and, their significance and interactions
- summarize and contrast various theories of corporate governance, and give examples of practices of corporate governance and corporate culture in different economic setups
- explain how internal control mechanisms (e.g. internal audit, audit committees etc.) function
- explain how external corporate governance mechanisms function
- identify contentious issues of corporate governance, such as executive compensation, minority shareholders and expropriation of the firm value for private use, and assess their implications
- discuss and exemplify regulatory and legal aspects of corporate governance e.g. Sarbanes-Oxley Act, Cadbury report, OECD principles, best governance practices (e.g. NYSE) etc.
- recognize the key elements of corporate governance and, their significance and interactions
- summarize and contrast various theories of corporate governance, and give examples of practices of corporate governance and corporate culture in different economic setups
- explain how internal control mechanisms (e.g. internal audit, audit committees etc.) function
- explain how external corporate governance mechanisms function
- identify contentious issues of corporate governance, such as executive compensation, minority shareholders and expropriation of the firm value for private use, and assess their implications
- discuss and exemplify regulatory and legal aspects of corporate governance e.g. Sarbanes-Oxley Act, Cadbury report, OECD principles, best governance practices (e.g. NYSE) etc.
Description of prerequisites
Mandatory YLAA2120 Management Control (Talousjohtaminen), preferable KAOA1150 Company Law (Yhtiöoikeus).
Compulsory prerequisites
- Prerequisite group 1
Recommended prerequisites
- Prerequisite group 1
Study materials
Materials specified by the lecturer.
Literature
- Nordberg, D. 2011. Corporate Governance Principles and Issues, 1st Edition, Sage Publications; ISBN: 9781847873330
Completion methods
Method 1
Description:
Lectures, exam, group project, assignments and quizzes.
Evaluation criteria:
A written examination at the end of the term (50% weight). Two individual submissions of coursework (each carry 25% weight)
Time of teaching:
Period 1
Select all marked parts
Parts of the completion methods
x
Teaching (6 cr)
Type:
Participation in teaching
Grading scale:
0-5
Language:
English